Dogecoin has been trending lately, with even Doge-themed Dogecoin NASCAR coming up just a couple of months away.
Due to its low transaction fees and fast confirmation times, Dogecoin has become a go-to cryptocurrency for tipping on Twitter and Reddit. It allows it to quickly spread from person to person without any real risk involved. Instead of being based on Bitcoin’s open-source software, Doge is the only major altcoin derived from Litecoin’s open-source codebase.
Moreover, Dogecoin Was Recently Listed On CoinSwitch After Its Rise In Price
This allows Dogecoin users more access to direct updates for future forks as new services come out, such as more advanced intelligent contracts in future Doge-Ethereum bridges. Dogecoin has recently released an update for its Dogecoin Core wallet, changing the Dogecoin blockchain’s confirmation times by splitting transactions into different pools before they are mined, allowing them to be processed at more efficient speeds than previous iterations did.
The new version also contains several stability fixes for issues that users were having with their wallets freezing and crashing suddenly, making this update an important one for current Dogecoin (DOGE) users that wish to use their wallets more efficiently on the Dogecoin.
Dogecoin’s value has recently surged after reaching its lowest point in mid-December 2017 due to its lack of development and updates to the Doge blockchain after hitting an all-time high in January 2018, thanks to Doge’s fast confirmation times and meager transaction fees. Dogecoin (DOGE) was also created to separate itself from the overarching Bitcoin vs. Litecoin debates that have been going on for years; Dogecoin (DOGE) was designed to be based on Bitcoin’s open-source codebase, allowing Doge to implement future changes and updates faster than its contemporaries.
Dogecoin is often compared to Ethereum and Ripple by traders and enthusiasts alike thanks to Dogecoin’s recent jump in price due to Dogecoin’s unique platform that allows anyone, regardless of their knowledge of cryptocurrency or financial media, the ability to create smart contracts with Dogecoins. Dogecoin (DOGE) has seen a rise in value as of late, but Doge remains one of the least expensive cryptocurrencies available with its low transaction fees.